Dubai-based Atara Growth has signed a landmark settlement with Marriott Worldwide to launch the Gulf area’s first Sheraton-branded residences. The brand new challenge, The Residences at Sheraton Al Marjan Island Resort, can be positioned on the prime shores of Ras Al Khaimah’s Al Marjan Island and have 141 luxurious beachfront houses co-located with a Sheraton resort. The deal marks a strategic milestone for each Atara and Marriott as branded residential developments proceed to reshape the true property panorama throughout the Center East. The settlement was signed within the presence of senior officers from Marjan, together with CEO Arch. Abdulla Al Abdouli, in addition to management from Marriott and Atara.
The announcement alerts Atara’s daring shift from high-end challenge execution to changing into a main developer of branded life-style ecosystems. With greater than 1 million sq. ft in its challenge pipeline over the following two years, the corporate is seeking to develop its portfolio past Dubai’s unique enclaves to rising premium locations like Ras Al Khaimah.
Speaking concerning the new improvement, Umid Bazarov, Chief Working Officer at Atara Growth, stated: “It marks a turning level for Atara, the place we evolve right into a model that creates full life-style ecosystems. Our imaginative and prescient is to construct past constructions — we need to create areas that replicate the aspirations of contemporary luxurious consumers.” The challenge additionally displays Atara’s continued deal with precision execution, backed by its in-house development capabilities. Each ingredient of the event — from structural design to the best architectural detailing — is being delivered to satisfy the best requirements of workmanship and world hospitality.
Al Marjan Island is quick rising because the UAE’s subsequent luxurious hotspot, drawing consideration from world builders and hospitality manufacturers alike. “Positioned on the prime shores of Al Marjan Island, this challenge displays the caliber of world-class developments we envision for our vacation spot,” stated Abdulla Al Abdouli. He added that the challenge strengthens the island’s place as a premier coastal life-style hub for each residents and buyers. As soon as accomplished, The Residences at Sheraton Al Marjan Island Resort will characteristic over 50 facilities, elegant interiors, and in-residence hospitality companies — mixing Sheraton’s heritage of excellence with Atara’s imaginative and prescient of elevated coastal dwelling.
For Marriott Worldwide, the launch of Sheraton residences in Ras Al Khaimah is a big regional milestone. “This improvement will champion Sheraton’s wealthy historical past of service and legacy of fostering connections,” stated Sandeep Walia, Chief Working Officer, Center East and Luxurious, Europe, Center East, and Africa at Marriott Worldwide. “We’re delighted to collaborate with Atara Growth to convey this imaginative and prescient to life and ship the Sheraton expertise that displays a way of belonging, accomplishment, and achievement for the residents.”
As one in every of solely a restricted variety of Sheraton-branded residences globally, the Ras Al Khaimah challenge presents a uncommon alternative for buyers and end-users to personal a slice of branded hospitality-driven dwelling within the area.
